Understanding the service
The presumptive-return route has eligibility conditions for the person, activity, turnover and income. We check those conditions before preparing the appropriate return.
Review the person and activity
The presumptive route has conditions for the taxpayer, activity and financial facts. It should not be selected solely because it asks for fewer details. Review the relevant year rules and all income sources, including factors that could exclude use of the simplified form.
Keep records even when reporting is simplified
Maintain receipts, bank records and basic evidence of the business activity. Review cash and digital collections and the basis of the income computation. Simplified reporting is not an instruction to abandon business records or ignore GST and other separate obligations.
Preparation checklist
Use this as a starting file, not a universal eligibility decision. ACS confirms the final checklist against your actual entity, activity and reporting period.
- PAN and applicable identity or entity records
- Income statements, Form 16 where relevant, and AIS / tax-credit records
- Bank statements, investments and relevant transaction details
- Previous return, accounts and supporting income schedules where applicable
Keep originals and final versions distinguishable. Record missing information before submission and use the agreed private channel for sensitive evidence.
From enquiry to agreed work
- Share the requirement and relevant reporting period.
- ACS reviews the records and confirms the scope and charges.
- Preparation, review and authorised filing or delivery.
- Receive completion records and the next-step checklist.
A suitability check before using a simplified presumptive return. Timing depends on the supplied records, applicable process and external review. No authority decision or processing date is guaranteed.
ACS professional fee
Government fees, taxes, provider charges and additional professional work are separate unless the written quote says otherwise. The listed fee is not a grant, tax, contribution or licence payment. Online payments remain inactive.
Frequently asked questions
Can every small business use ITR-4?
No. Eligibility and the relevant presumptive provisions must be checked for the actual person and activity.
Does this include GST returns?
No. Income-tax and GST reporting are separate services, even where both use the same sales records.
What does the listed professional fee include?
The ACS fee covers only the work confirmed in your quote. Government fees, taxes, provider or certification-body charges and additional professional work are separate unless expressly included. Booking does not activate an online payment.
What should I share for the first discussion?
Start with your requirement and the relevant period or project. The callback form needs only your name and mobile number. Share identity, banking or financial documents only through the agreed private workflow.
Discuss your requirement
ITR 4
By submitting, you ask ACS to contact you about this service. Privacy policy. Do not enter identity numbers or financial documents here.
References & context
Prepared by ACS Consultancy with AI-assisted drafting. Published 3 October 2026. These general resources are not individually reviewed legal, tax or financial advice. Official requirements can change; check the applicable period and obtain the appropriate qualified advice before filing or making a financial decision.